The BRICS nations, consisting of Brazil, Russia, India, China, and South Africa, are currently working on developing guidelines for countries interested in joining the economic bloc. South Africa’s Minister of International Relations and Cooperation, Naledi Pandor, recently made this announcement, stating that the BRICS nations are receiving a lot of interest from other countries and
Bitcoin
Bitcoin’s Ordinal inscriptions have been breaking milestones, with over 7 million inscriptions embedded in the blockchain. This surge continues to defy detractors, shattering any skepticism towards the trend’s demand. The current count stands at 7,204,882 inscriptions as of May 16, 2023, since the inaugural inscription on December 16, 2022. The Significant Acceleration The world of
Bitcoin has recently taken on functionalities that were traditionally associated with the Ethereum blockchain. It has started innovating new tokens and generating non-fungible token assets. Impressive Valuation of $497.75 Million On May 16th, the BRC20 token economy achieved a valuation of $497.75 million, which is a significant milestone. The market capitalization of its 24,677 digital
South Korean authorities have raided two major digital asset exchanges, Upbit and Bithumb, along with blockchain platform Kakao Klip, as part of an investigation into suspicious cryptocurrency transactions made by National Assembly member Kim Nam-kuk. The politician has been accused of owning around 800,000 Wemix coins worth $4.5m in 2021 and transferring them between the
Bitcoin (BTC) experienced consolidation during today’s trading session as investors awaited the publication of the latest US retail sales figures. Inflation has fallen, and analysts are predicting that sales for April will rise by 0.8% following two months of declines. BTC/USD hit an intraday low of $26,878.95 on Tuesday after an earlier high of $27,646.35.
The US central bank, Federal Reserve (Fed), raised the federal funds rate to 5.25% on May 3, 2023, after a quarter-point rate hike. Fed chair Jerome Powell highlighted that inflation was still a major concern, and the Fed’s goal was to bring down the current inflation rate of 4.9% to the target of 2%. Even
The Bolivian government is contemplating using the Chinese yuan to replace the US dollar for international trade settlements. Bolivian President Luis Arce has directed the central bank to conduct research on whether the recent use of the Chinese currency in Brazil and Argentina could be applicable to Bolivia. In a meeting with journalists, Arce revealed
Janet Yellen, the US Treasury Secretary, has announced that the Group of Seven (G7) members are discussing ways to respond to China’s use of “economic coercion” against other countries. Speaking at a press conference in Niigata, Japan, ahead of the G7 meeting of finance ministers and central bank governors, Yellen expressed the US’s concern about
Gallup, Inc., a Washington, D.C.-based analytics and advisory company, has released its latest poll on long-term investments. The survey, conducted from April 3 to April 25, 2023, features responses from 1,013 adults aged 18 and older residing in the United States. The poll covers various investment options such as real estate, gold, stocks, bonds, and
Solana (SOL) experienced a surge in price over the weekend, rising by as much as 5%. After hitting a low of $19.81 on Friday, SOL/USD rebounded to an intraday peak of $21.25 on Saturday. The rebound occurred after solana hit an interim floor at $19.90, which has acted as a last line of defense since
